>From Karen Cole and Casey Reports.

 

----------------------

 

US Productivity Increase a Bust for Workers: 

"U.S. businesses are cutting workers' hours and jobs at a pace that far
outstrips the rate of the economy's contraction, generating a productivity
boom that in ordinary times would be a welcome sign of healthy growth.

It is a bit of mystery why companies are downsizing so drastically, but the
consequences are clear. 

For Corporate America, it means a strong -although possibly fleeting -
rebound in profits. For employees, it means a dismal job market is getting
worse and may not recover any time soon."
<http://www.reuters.com/article/topNews/idUSTRE56J3KL20090720>
http://www.reuters.com/article/topNews/idUSTRE56J3KL20090720

 

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